On May 8th, Prime Minister Justin Trudeau announced that they will extend the Canada Emergency Wage Subsidy (CEWS) beyond June. This measure gives qualifying employers up to $847 per employee each week so they can keep people on the payroll.

Eligibility

To be eligible to receive the wage subsidy, the Government of Canada website states you must:

be an eligible employer. Eligible employers include:

individuals (including trusts)

taxable corporations

persons that are exempt from corporate tax (Part I of the Income Tax Act), other than public institutions:

non-profit organizations

agricultural organizations

boards of trade

chambers of commerce

non-profit corporations for scientific research and experimental development

labour organizations or societies

benevolent or fraternal benefit societies or orders

registered charities

partnerships consisting of eligible employers

Public institutions are not eligible for the subsidy. This includes municipalities and local governments, Crown corporations, public universities, colleges, schools and hospitals.

have experienced an eligible reduction in revenue.

have had a CRA payroll account on March 15, 2020

Online Calculator

The Canada Revenue Agency launched an online calculator to help businesses determine the amount they can expect from the wage subsidy program.

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